Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
First time Multi-Family Investment
I'm looking into purchasing my first multi unit building. Ideally, I would like something near San Francisco. Currently learning how to evaluate a property properly. Looking in the 1M price point or under which can be difficult in the area. I've always imagined having an investment property (maybe a duplex or single family) in a nice area with a long term family living in it but the numbers I have looked at make more sense to buy in a not-so-great neighborhood with 4+ units. Any insight for a first time buyer?
https://www.zillow.com/savedhomes/for_sale/2097367...
As I'm sure is the case with most people on here, I'm looking for a property that is ready to go and I can generate + revenue from the get-go. Per the apt. building in the link provided, the numbers seem solid to me - please note if I'm missing something.
Appreciate any insight you all can offer.
- John